London Blu-Ray stores?

[Bk_Tan]

Originally Posted by MichaelB

You might want to keep a very close eye on tomorrow's Budget speech, as there are strong rumours that this particular VAT loophole may well be shut down.

To be honest, from an economic point of view I'm amazed it's survived as long as it has - it was never remotely intended to allow wealthy companies to avoid paying VAT merely by relocating warehouses to Jersey and taking advantage of online ordering systems that simply didn't exist when the VAT exemption was originally granted.

That sucks.

But honestly, if we're talking about DVDs and whatever it's a joke. You expect consumers to go in and pay 35 quid for a Blu-Ray when you can get it for 30% of the price online? Where has this tax gone to anyway? They keep increasing it but don't seem to do anything productive do they?

In fact, HMV are the only surviving b&m store, closing the loophole, if it even is a loophole, is not going to magically restore companies or even help out HMV who are really the closest thing to daylight robbery.